Watchdog's probe into Coupang stalls after inspection refusal
SEOUL, Aug. 27 (Yonhap) -- The fair trade watchdog's probe into the South Korean...
The South Korean Fair Trade Commission (FTC) is investigating U.S.-listed e-commerce giant Coupang Inc. over allegations of violating the Act on Fair Transactions in Large Retail Business, which centers on suspicions that Coupang shifted the costs of discounts onto its suppliers. However, the probe has hit a setback after Coupang refused investigators' recent attempts to conduct on-site inspections, citing procedural issues.
The Fair Trade Commission had planned to conduct inspections from last week through this week, but Coupang declined to cooperate, claiming they had not been notified of the inspections as required by law. The company plans to seek a court ruling over the FTC's failure to comply with the seven-day advance notice requirement, which protects the rights and interests of those subject to an investigation.
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Also reported by 1 other outlet
- Watchdog's probe into Coupang stalls after inspection refusal koreatimes.co.kr
